Baidu Director Foo Jixun Sells All 122,584 Class A Shares at $16.317

This Form 4 filing reports that Foo Jixun, a director of Baidu, Inc., sold all of his Class A ordinary shares on May 21, 2026. The transaction involved the sale of 122,584 shares at a price of $16.317 per share, resulting in total proceeds of approximately $2 million. Following this transaction, Foo Jixun no longer holds any Class A ordinary shares in Baidu. The shares were held in the form of American depositary shares, with each ADS representing eight Class A ordinary shares. The filing indicates this was a direct ownership transaction, and the director is based in Beijing, China. This complete divestment of holdings by a company director represents a significant change in insider ownership structure.